Why Did the Mortgage Crisis Happen, Part 5
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Submitted by Businomics Blog
In Part 1, I asked why the mortgage mess happened, and why did it happen when it did.
Part 2 explains the role of the Great Moderation and the mild housing cycle in the 2001 recession.
Part 3 explains the role played by securitization of mortgages.
Part 4 explains how the 2001 recession set up the trigger for the current crisis.
